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Is Alipay mutual treasure worth buying? Is mutual treasure insurance?

When you buy the products of mutual treasure, it is natural that you can have a guarantee when you have serious diseases. So is mutual treasure insurance? Is it cost-effective to buy mutual treasure? Actually, as a new product of Alipay, we must accept many tests. Let's wait and see.

01

Mutual treasure is a mutual aid product similar to waterdrop

In the previous article, I told you that mutual treasure is not an insurance product, but a & lsquo; donation & rsquo;. This is also clearly written in the product manual of mutual treasure.

Alipay clearly pointed out that mutual treasure is not insurance, and can not be guaranteed, it is a donation, and the donation of funds will not be returned. Therefore, from this perspective, mutual treasure and everyone in our friends circle often see the crowd financing products, mutual aid and easy to raise similar.

The question is, why hasn't mutual aid achieved such a sensational effect?

First, there are too many misunderstandings.

This does not know if Alipay is deliberately misleading, or that users do not understand enough. Too many people will understand each other's treasure as insurance. If we say &lsquo directly, &rsquo will be mutually raised, then there will not be so many people involved.

The number of users of waterdrop has not been large for so many years, because we all know that this is only a charity behavior, which belongs to donation in essence, and the reason why people on the street beg and donate some money voluntarily.

When you get sick, even if you raise money in the same way, you may not get help.

Second, the number of users of waterdropchip is far smaller than that of mutual treasure. In just two months, the "common choice of 20 million people" has become the slogan of mutual treasure, which is very scary data.

In the history of mankind, organizations with the nature of mutual aid are generally limited to a very small scope. Such a large-scale mutual aid organization is unprecedented.

The identification of rescuers and the acquisition of follow-up funds are all great problems.

02

The biggest problem of mutual treasure is to cheat

In traditional insurance companies, fraudulent insurance is prevented by differential pricing. Young premiums are cheap, while older ones are more expensive.

So, is the sharing fee of mutual treasure 188 really expensive?

For the 18-year-old, it's expensive. Some insurance companies need less than 100 yuan for serious illness insurance for their 18-year-old customers, but for the 50 year old, it's too cheap. For the insurance companies, there are thousands of serious illness insurance at this age. Why?

Because the old people are much more likely to get sick than the young people, because the risk rate is much higher, and the natural price should also be expensive.

But mutual treasure, with a unified price of 188, will bring about huge problems. There must be a large number of old people joining in, because their demand will shift from insurance companies to mutual treasure. A lot of people can say that the old people can't use mobile phones and won't join in.

It's a little presumptuous. First, the penetration rate of 20 million users in the existing Internet products can be said to be very high; second, the elderly can't use it by themselves, and their children can help the elderly join through the means of family mutual protection.

Many old people use their children's social security cards to cheat for medical benefits. Can't this happen to mutual benefit?

From the perspective of economic principles, this is called the lemon market. Generally speaking, it is the second-hand car market.

Because the owner is clear about the condition of his car, but the buyer is not clear.

So owners always try to exaggerate the good parts of their cars, and hide the bad parts. The final result is that buyers can only choose the cheapest used car, which can reduce their risk.

That's why we see used cars are always cheap.

Mutual treasure is the same. A large number of old people and patients refused to be insured by the insurance company will surely find ways to join mutual treasure through various means to cheat for mutual aid. Then, the money of healthy young people is actually donated in vain.

After a long time, more and more people realize this problem, they will no longer be willing to pay more money, and the game will have to be closed.

03

The test of mutual treasure is half a year later

Because mutual treasure has a 90 day observation period, so it is still in the stage of a large amount of money to join. The money in this pool keeps increasing, and those who want money haven't.

But 90 days later, someone will start to claim.

Traditional insurance companies are very strict about the early adjustment. They block a lot of cheaters in the entry stage directly, but the threshold of mutual treasure is very low. Anyone can join in and check themselves.

But I believe that the vast majority of people will not think that they do not meet the requirements, especially for those who cheat. So the question is, for those who claim, is mutual treasure to pay or not to pay?

If the money is lost, the money in the pool may soon be consumed. If they do not pay, they will make trouble everywhere, saying that Alipay is cheating them. At that time, mutual treasure is the biggest test.

04

Who is the right person to buy

If we put aside the macro problems of the product, to say the least, the product is stable. What kind of people are suitable to buy?

Let's do a simple calculation. In China, the number of people suffering from serious diseases every day is about 10000. According to relevant statistics, the proportion of people over 60 years old suffering from serious diseases accounts for 60%. Then the number of people suffering from serious diseases every day under 60 is 4000. The national population is assumed to be 1.35 billion. According to the statistics of 2018, the population of the elderly over 60 years old in China is 241 million, and the population meeting the requirements of mutual insurance is about 1.109 billion.

According to the above conditions, the proportion of serious diseases under the age of 60 is 0.1% every year. We assume that the proportion of mutual insured policyholders suffering from serious diseases is the same. Based on the current insurance coverage of 7 million people, 7000 people will need to pay compensation in a year. Considering that the number of people exceeds 7 million, each person will spend less than 5 cents each time, and the amount of compensation may only be 100000. Let's calculate it at 3 cents, 7000 * 0.3 yuan = 210 yuan.

Compared with similar products in the market, the younger people buy mutual insurance, the less cost-effective. Under the age of 30, Mingming can buy a serious illness insurance with a coverage of 500000 yuan or so, but he is eager to invest in mutual treasure. There is no other explanation except for love.

For people under 40 years old, 210 yuan guarantees 300000 yuan. In addition to no minor illness and no deductible, the cost performance ratio is barely acceptable compared with similar products.

For people over 50 years old, 210 yuan guarantees 100000 yuan, with good cost performance. Similar products in the market are usually more than 1100 yuan; similar products in the market are usually more than 1800 yuan from 55 to 60 years old.